Nordstrom is to be acquired by the Nordstrom family and Mexican retailer El Puerto de Liverpool in a deal worth $6.25 billion.
Bangladesh garment manufacturer Beximco has reportedly laid off 40,000 garment workers across 15 of its apparel units.
Shein has announced it is to participate in a US data pilot programme put forward by the CBP for de minimis imports.
The shareholders of Boohoo have voted overwhelmingly against resolutions tabled by Frasers Group to appoint Mike Ashley and Mike Lennon as directors.
Shoe Zone has reported a tough start to its fiscal year, with difficult trading circumstances in the initial two months and early December.
Nike has reported a decline in its Q2 earnings with net income falling by 26% to $1.2bn from $1.57bn in the previous year.
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The AATCC has an MOU with The Textile Association (India) (TAI), setting forth a collaborative framework aimed at enhancing the Indian textile industry.